Hyperdynamics Corp (HDYNQ)

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Just to point out. If they get to the point of drilling an appraisal well, this would imply a discovery. By the time more cash is needed for additional exploration or development wells (should have enough cash to do 1)the company should be able to book some reserves. This would open up non equity financing options. The alternative to a discovery after 2 exploration wells would obviously be bad for shareholders, hence the high risk/high rewards situation we are in.